The epistemology of Ludwig von Mises and Karl Popper and its application to economic theory and policy

Plaza-Vidaurre M.A. · Desde el Sur (2025) · DOI: 10.21142/des-1703-2025-0075

Resumen

In this article we develop the epistemology of Ludwig Mises and Karl Popper, which in their logical structure start from different points. Initially, we develop Mises epistemology, known as praxeological apriorism, where the whole theoretical building is based on the axiom of human action and through a deductive process, a series of principles and propositions are elaborated which are applied to the analysis of the functioning of markets free from any interference of authorities. Then, the logic of Karl Popper's falsifiability is analyzed, which is based on posing hypotheses that are empirically corroborated and in order to be scientific, must be able to be denied. Thus, Popper states that hypotheses are not true and can only be non-falsifiable. Finally, it is raised the difference that can be presented in its application in the approach of economic theories as well as in the formulation of an economic policy.

Instituciones: Universidad Científica del Sur